|Born||October 1945 (age 71)
Hangzhou, Zhejiang, China
|Occupation||Chairman & CEO, Hangzhou Wahaha Group|
$10.0 billion (Forbes, January 2015)
$20.8 billion (Hurun, January 2015)
If the nation is rich but people are poor, the country cannot be strong, and society will be unstable.
We are working to understand the tastes of people born in the 1980s and 1990s – it is very different from my generation. We do our own research. Marketing research companies, I think, are relatively academic.
We don't need to solve the problem of the rich-poor gap. We need to solve the problem of common prosperity.
The U.S. and European markets have become mature, profit margins are lower, and equipment isn't so new. Because profits are relatively low, it limits the willingness of companies to invest in newer equipment.
Many people find themselves with illness as they become successful: higher blood pressure and diabetes.
I believe wealth should be in the hands of those who know how to create more wealth.
In China, you have to have a strong leader for a business to get anything done.
For a long time, I couldn't even afford food and clothing. I climbed from the very bottom of the society.